Almarai : in the Forbes list of the 100 most powerful companies in the Middle East
June 15, 2023 at 04:56 am EDT
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Almarai Company was ranked among the 100 most powerful companies in the Middle East for the year 2023, according to the classification of Forbes Middle East magazine, as the company ranked 38 in the Middle East region. The classification was based on market value, sales, assets, and profits, as the group's net profit amounted to 1.760 billion Saudi riyals in 2022, with sales estimated at 18.7 billion Saudi riyals, while its assets amounted to 32.25 billion Saudi riyals, with a market value of 59 billion Saudi riyals.
"We are proud of Almarai for its permanent presence in the lists of the strongest among the companies in the Middle East region, and this reflects Almarai's ability to continue growing and move forward with confidence, taking advantage of the available opportunities." To expand and diversify its business to provide exceptional quality that is "trustworthy," and to add more diversity in product categories to all consumers in its markets." Abdullah Al-Otaibi, Head of Corporate Communications and Public Relations at Almarai Company, said.
It is worth noting that Almarai Company is the largest vertically integrated dairy company in the world, and today it is the largest producer and distributor of food and beverages in the Middle East, and its high-quality food products reach more than 120 million consumers in the Kingdom, the Arabian Gulf, Egypt, and Jordan.
Almarai Company SJSC published this content on 15 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2023 08:55:05 UTC.
Almarai Co SJSC is a Saudi Arabia-based integrated consumer food and beverage group. The Group operates under the following segments: Dairy and Juice, Bakery, Poultry and Other Activities. The Dairy and Juice segment is operated under the Almarai, Beyti and Teeba brand names. The Bakery segment products are manufactured and traded by Western Bakeries Company Limited and Modern Food Industries Company Limited, a joint venture with Chipita, under the brand names Lâusine and 7 Days respectively. The Poultry segment products are manufactured and traded by Hail Agricultural Development Company under the Alyoum brand name. The Other Activities segment includes Arable, Horticulture and Infant Nutrition. Infant Nutrition products are manufactured by Almarai Baby Food Company Limited and traded by International Pediatric Nutrition Company under Nuralac and Evolac brands.
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